The London Metal Exchange tin price was down 2.3% at the close on Wednesday March 24, while aluminium and nickel recovered some ground lost on Tuesday despite a high US dollar index.
Tin's three-month price fell to $25,315 per tonne, its lowest closing price since March 16, wiping out the gains it has made since then. The metal's closing price was at $25,9010 per tonne on Tuesday.
This comes against a physical background where markets are severely undersupplied, with tin premiums in Europe and the United States rising to all-time highs.
"Pullback on most metals are restrained and healthy following a first quarter of the year that boded well for LME base metal...